- Report: #543394
Complaint Review: Merit Lending-Costa Mesa - Costa Mesa California
Reported By:
Jan-Mission Viejo -
Mission Viejo, California, United States of America
Submitted:
Updated:
-
Author Not Confirmed
Why?
Merit Lending-Costa Mesa
575 Anton Blvd,Ste 1050 Costa Mesa, 92626 California, United States of America
Phone:
Web:
meritlending.com
Categories:
Business Rating:
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Merit Lending-Costa Mesa Paul Vincent Refinance Ripoff Costa Mesa, California
I was ripped of by Merit Lending in Costa Mesa, California when I refinanced my home in August 2006. They had a certified appraiser sumbit a inflated loan appraisal for my home that was approximately $200,000 over the actual value of the home. Of course, even though I paid for the appraisal they refused to provide me a copy for my records. Now I know why!!! And, I had just done extensive remodeling to upgrade the house so I was easily fooled. They even sent a truth in lending statement that was completely different from the actual loan documents that were submitted for signature. When I objected to signing and called Mr. Vincent, he bald-faced lied to me about the actual loan terms. I was under pressure and signed--the worst mistake of my life! If only I had heeded my inner voice telling me not to sign! I have struggled mightily to make the mortgage payments in this bad economy, but it looks like I may lose the house as it is so over-mortgaged that I cannot sell it and pay off the loan. I am currently filing a complaint with the California Department of Real Estate in hopes of stopping these people from hurting others. They were so dishonest it boggles the mind!
